Chairman Jerome Powell says that the Fed "would want purchase-in from Congress, from the Administration, from broad elements of the public" to develop a CBDC, however Fed governors are break up on the idea. One camp is keen to develop a CBDC for the general public, whereas the second is inclined to let commercial banks take the lead in offering digital dollars. Fed governor Lael Brainard, a CBDC champion,...
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Chairman Jerome Powell says that the Fed "would want purchase-in from Congress, from the Administration, from broad elements of the public" to develop a CBDC, however Fed governors are break up on the idea. One camp is keen to develop a CBDC for the general public, whereas the second is inclined to let commercial banks take the lead in offering digital dollars. Fed governor Lael Brainard, a CBDC champion,...